CCH Tax Day Report President Trump announced a nominee for a key Treasury Department tax post. The IRS reminded taxpayers about safeguarding documents and exempt organizations to file returns. White House President Trump nominated David J. Kautter to be the Treasury Department’s next assistant secretary for tax policy (TAXDAY, 2017/05/12, W.1). Congress Senate. The Senate […]

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CCH Tax Day Report Recently, enacted South Carolina legislation creates new income tax credits for preventive vehicle maintenance and for earned income. The legislation also increases the existing individual income tax credits for in-state college tuition and for filers with two wage earners. Additional changes to the motor vehicle user fee (TAXDAY, 2017/05/12, S.27) and […]

The post South Carolina ~ Personal Income Tax: New Credits Enacted for Vehicle Maintenance and Earned Income; Credit Amounts Increased for In-State College Tuition and Two Wage Earners appeared first on Tax & Accounting Blog.

CCH Tax Day Report The Oklahoma Tax Commission is authorized to establish an out-of-state tax collections enforcement division for purposes of enhancing collections of (1) sales and use taxes related to sales or transactions involving Oklahoma residents and out-of-state vendors that have nexus with Oklahoma and (2) any other unpaid taxes owed to Oklahoma by […]

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CCH Tax Day Report Any reference to the Internal Revenue Code in Nebraska laws, other than in the corporate income tax and personal income tax laws and other listed exceptions, refers to the Internal Revenue Code as it exists on May 10, 2017 (formerly, February 27, 2015). The IRC is incorporated by reference as currently […]

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CCH Tax Day Report Legislation has been enacted that permits certain entities to earn a nonrefundable tax credit against Georgia corporation, personal, and insurance premium tax liabilities for making a capital investment in a rural fund, for tax years beginning on or after January 1, 2018. The amount of credit is 0% for first two […]

The post Georgia ~ Multiple Taxes: Corporate Net Worth Tax Amended; Credit for Capital Investment in Rural Fund Enacted appeared first on Tax & Accounting Blog.

CCH Tax Day Report Legislation has been enacted that increases and indexes the personal exemptions for Arizona individual income tax purposes for taxable years beginning after 2016, and repeals seldom or unused corporate income, individual income, and insurance premium tax credits after December 31, 2017. Personal Exemptions The personal exemption for a single taxpayer (currently, […]

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